Latest / The Commodities Economy with Fexingo: Oil, Gold, Wheat, and Raw Material Markets
How Brent Crude Is Surging Past WTI in July 2026
On the 100th episode of The Commodities Economy, Lucas and Luna dig into the surprising divergence between Brent and WTI crude oil. With Brent futures at $77.65 and WTI at $73.26, the spread has widened to over $4 — the largest gap in months. They examine the forces behind the divergence: fresh U.S. strikes on Iran, a global supply squeeze on medium-sour crude, and the structural shift in export flows after Europe's ban on Russian oil. Lucas breaks down the refinery configuration mismatch and why Brent is outperforming. Plus, how the Iran tensions are reshaping tanker routes and what it…
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